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Last $5.42 USD
Change Today -0.08 / -1.45%
Volume 55.3K
GSL On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

global ship lease inc-cl a (GSL) Snapshot

Open
$5.45
Previous Close
$5.50
Day High
$5.55
Day Low
$5.38
52 Week High
05/14/15 - $5.89
52 Week Low
10/14/14 - $2.91
Market Cap
297.7M
Average Volume 10 Days
59.9K
EPS TTM
$0.06
Shares Outstanding
47.5M
EX-Date
05/16/09
P/E TM
90.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for GLOBAL SHIP LEASE INC-CL A (GSL)

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global ship lease inc-cl a (GSL) Details

Global Ship Lease, Inc. owns and charters containerships of various sizes under long-term fixed-rate charters to container shipping companies. As of April 21, 2015, it owned 19 vessels with a total capacity of 82,475 twenty-foot equivalent units. The company is based in London, the United Kingdom.

8 Employees
Last Reported Date: 04/21/15

global ship lease inc-cl a (GSL) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

global ship lease inc-cl a (GSL) Key Developments

Global Ship Lease, Inc. Announces Results of the Cash Tender Offer to Purchase Up to $20 Million Aggregate Amount of Outstanding 10.000% First Priority Secured Notes Due 2019

Global Ship Lease, Inc. announced the results of the cash tender offer to purchase up to $20 million aggregate amount with respect to its outstanding 10.000% First Priority Secured Notes due 2019. The excess cash flow offer expired at 5:00 p.m., New York City time, on May 20, 2015. As the aggregate amount with respect to the notes validly tendered does not exceed the maximum offer amount, all validly tendered Notes have been accepted. The 10.000% first priority secured notes due 2019 with aggregate principal amount outstanding of $420,000,000 and principal amount of notes tendered and accepted of $350,000. Payment for the validly tendered and not validly withdrawn Notes will be made at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date. The company expects the Purchase Date to be May 22, 2015. The aggregate purchase price, inclusive of accrued and unpaid interest, payable on the Purchase Date for the validly tendered and not validly withdrawn Notes will be approximately $362,000.

Global Ship Lease, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Global Ship Lease, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating revenues of $37,719,000 against $34,039,000 a year ago. Operating income was $12,652,000 against $10,852,000 a year ago. Income before income taxes was $801,000 against income before income taxes of $1,863,000 a year ago. Net income available to common shareholders was $24,000 against income available to common shareholders of $1,843,000 a year ago. Net cash provided by operating activities was $1,870,000 against $20,747,000 a year ago. Cash paid for vessel acquisition was $54,220,000. Cash paid for drydockings was $1,485,000. Adjusted EBITDA was $23,630,000 against $20,885,000 a year ago. Normalized net income was $24,000 against normalized net income of $2,885,000 a year ago. The increase in revenue is mainly due to the addition of OOCL Tianjin from October 2014 and OOCL Qingdao from March 11, 2015, each at a daily charter rate of $34,500.

Global Ship Lease, Inc. Commences Cash Tender Offer to Purchase Up to $20 Million of First Priority Secured Notes

Global Ship Lease, Inc. announced that it is commencing a cash tender offer to purchase up to $20 million aggregate amount with respect to its outstanding 10.000% First Priority Secured Notes due 2019 at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date. The excess cash flow offer is being made pursuant to requirements set forth in the indenture governing the notes that require the company to offer to purchase notes, subject to there being at least $1.0 million of excess cash flow, up to a maximum of $20 million and subject to certain limitations, within 120 days following the end of each fiscal year. The excess cash flow offer will expire at 5:00 p.m., New York City time, on May 20, 2015, unless extended by the company, in its sole discretion. If the aggregate amount with respect to the Notes validly tendered (and not validly withdrawn) in the excess cash flow offer exceeds the maximum offer amount, the trustee under the indenture governing the notes will select the notes to be accepted for purchase on a pro rata basis (with such adjustments as may be needed so that only Notes in minimum amounts of $200,000 and integral multiples of $1,000 in excess thereof will be so purchased). Tenders of the notes must be made on or prior to the offer expiration date and may be validly withdrawn at any time on or prior to the offer expiration date. In the event that the aggregate amount with respect to tendered and accepted notes is less than the maximum offer amount, any amount less than the maximum offer amount not used for the purchase of notes pursuant to the excess cash flow offer will be available for use by the company in any manner permitted under the indenture. The excess cash flow offer is being made pursuant to an offer to purchase, dated April 21, 2015, and related documents (collectively, the Offer Documents), which set forth the complete terms and conditions of the excess cash flow offer. The excess cash flow offer is made only by and pursuant to the terms set forth in the Offer Documents, and the information in this press release is qualified by reference to those documents.

 

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